NEW YORK (MainStreet)"Whether you have a daily fitness routine or not, ten squat thrusts adds something productive that you were not doing before which can positively affect both your physical health and your financial health in ways you've probably never thought about," says Dr. Paul Terpeluk, D.O., Cleveland Clinic's Medical Director of Employee Health Services.
Terpeluk points directly to the Affordable Care Act (A.C.A.), which takes effect January 2014, as a perfect example of just how much money you can save by being more active. "Cleveland Clinic employees who participate in our wellness program can currently save up to 30%, approximately $1,000, on their yearly health insurance premiums, currently the maximum allowed discount under the A.C.A. in 2014," he says.
Additionally, according to the Affordable Care Act and Wellness Programs government fact sheet, the maximum reward has been increased to as much as 50% for participating in programs designed to prevent or reduce tobacco use.
When I decided to get life insurance last year, I found out first-hand how much money you can save on those premiums as well by being physically fit. The insurance agent quoted me a basic rate for a non-smoking female of my age, height and weight but that my actual premium would be based on the results of a health exam including all of my vital signs and samples of my blood and urine. About a week later, I received my specific test results and was thrilled that all my levels were normal. But, when I got the call from the agent telling me about my "preferred" health status and that I could pay $25 less per month for $50,000 more in coverage than I planned, I realized that my daily run with my dogs and cutting down on butter and bread in my diet made a big difference in my wallet.